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About Us

Our vision at L&T Financial Services is to be an Admirable, Inspirational & Sustainable institution. 

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L&T Finance Holdings Ltd. is a NSE and BSE listed company and is also registered with RBI as an NBFC and CIC. It conducts its financial services businesses through various subsidiaries. L&T Financial Services is the brand name of L&T Finance Holdings Ltd.

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Our Values
Our Journey
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Transform|Focus|Deliver

Transform|Focus|Deliver

1994
  • L&T Finance Incorporated
2007
  • L&T Infra Finance established
  • CV Financing commenced

 

2008
  • Total Assets cross Rs.10,000 Cr
  •  Start of Microfinance & Loan Against Shares
2009
  • Maiden public issue of NCDs by LTF
2010
  • Foray into MF business – acquisition of DCAM
  • LTIF secures IFC status, launches Infra Bonds
2011
  • Total Assets cross Rs. 20,000 Cr
  • IPO of LTFH
  • LTIF notified as PFI
2012
  • Total Assets cross Rs. 30,000 Cr. 
  • MF builds scale – acquisition of Fidelity’s MF biz in India
  • Entry into Housing Fin – acquisition of IPHF
  • Start of 2W Finance – acquisition of FamilyCredit
2013
  • L&T Capital Markets incorporated – Platform for Wealth Management
  • Maiden issue of preference shares
2015
  • Total Assets cross Rs. 50,000 Cr.
  • Preferential issue of Equity Shares & Warrants to Bain Capital amounting to Rs. 708 Cr
2016
  • Re-orient strategy to focus on select products and deliver improvement on RoE
  • 1994
  • 2007
  • 2008
  • 2009
  • 2010
  • 2011
  • 2012
  • 2013
  • 2015
  • 2016
Board of Directors

 

Y.M. Deosthalee

Chairman

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Y M Deosthalee assumed the role of Chairman of our company since September 2011. He was the Chief Financial Officer and Member of the Board of L&T till September 2011. Since its inception in 1995, he has provided strategic direction to the financial services business of the Larsen & Toubro Limited (L&T) Group.

 

He is seen as an architect of its growth. He is also the Non-Executive Chairman of L&T Finance Limited and L&T Infrastructure Finance Company Limited.

 

He was also the Chairman of CII’s National Council Committee on Banking, Financial Sector development and Smart Cities. 

 

He is a Chartered Accountant and Law Graduate.

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Dinanath Dubhashi

Managing Director

 

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Dinanath Dubhashi is the Managing Director of L&T Finance Holdings. He has a rich experience of over two decades in multiple domains in financial services such as Corporate Banking, Cash Management, Credit Rating, Retail Lending and Rural Financing. He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and
geographies.

 

Under his leadership, retail business has grown both organically and inorganically to reach an asset size of around Rs 28,000 crores, serving more than 30 lakh customers. He has also provided leadership to various functions such as Operations and Information Technology for L&T Financial Services.

 

Prior to this, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.

 

He is a Post Graduate from IIM Bangalore and also holds a B.E. (Mechanical) degree.

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R Shankar Raman

Non-Executive Director

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R Shankar Raman is the Chief Financial Officer and Member of the Board at Larsen & Toubro Limited (L&T). He is a Non-Executive Director on the Board of our company and L&T Investment Management Limited. He is also on the board of several companies within the L&T Group. He joined the L&T Group in 1994 to set up L&T Finance Limited and has close to 35 years of experience in Finance and Management.

 

He is a Chartered and Cost Accountant by profession with a degree in Commerce from Madras University.

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B V Bhargava

Independent Director

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B V Bhargava has spent a distinguished career in development banking and project finance spanning nearly three decades. He currently sits on various boards and has a multi-faceted experience across industries.

 

He retired from ICICI Bank in 1996 as Vice Chairman and Managing Director. He has participated in a number of seminars on project evaluation and management and has also addressed several forums on the same.

 

He is a Post Graduate in Commerce and also has a degree in Law from Mumbai University.

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S V Haribhakti

 Independent Director

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S V Haribhakti has a career spanning over four decades that includes successfully establishing and leading many innovative services. His current focus and passion is on Governance, Engaged Investing and Digitisation.

 

He actively promotes 'shares value' creation and a greener environment.

 

He is a Chartered and Cost Accountant, and a Certified Internal Auditor, Financial Planner and Fraud Examiner. 

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P V Bhide

Independent Director

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P V Bhide has worked in several government positions during a career spanning over four decades. Some of his roles include Secretary, Department of Revenue, Ministry of Finance; Secretary and Joint Secretary, Department of Disinvestment, Ministry of Finance; Additional Secretary/Spl. Secretary, Ministry of Home Affairs; Deputy Secretary, Department of Economic Affairs, Ministry of Finance. He has also held various other key positions across departments.

 

He is a retired IAS Officer with an MBA, LLB and BSc degree.

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Harsh Mariwala

Independent Director

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Harsh Mariwala leads Marico Limited as its Chariman, and is the Chairman and Managing Director of Kaya Limited. Over the last three decades, he has transformed a traditional commodities-driven business into a leading consumer products and services company in the beauty and wellness space. He has been the FICCI President (2011) and was also the FMCG Committee Chairman of FICCI and CII.

 

He has been a part of the Young Presidents Organisation (YPO), and is now a part of the World Presidents Organisation (WPO). He has held the position of YPO Education, Membership and Chapter Chair for the Bombay Chapter and was a member of the International Forum Board of YPO International. Mr. Mariwala has also launched ASCENT – Accelerating the SCaling up of ENTerprises to identify growth-stage entrepreneurs with potential and enable them in their scaling-up journey.

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Thomas Mathew T

Independent Director

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Thomas Mathew T is currently the Managing Director & CEO of the Reinsurance Group of America for India, Sri Lanka and Bangladesh. He was also the Managing Director of Life Insurance Corporation of India and has successfully worked across functions there. He is on the Board of Larsen & Toubro Limited, Metropolitan Stock Exchange of India Limited and RGA Services India Private Limited.

 

Mr. Mathew holds a Post-Graduate Diploma in Management, a Post-graduation in Economics and is a graduate of Law. He is also an Associate of the Insurance Institute of India and has a Diploma in the Spanish language. 

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Amit Chandra

Non-Executive Director

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Amit Chandra is the Managing Director of Bain Capital and is a part of the firm’s leadership team in Asia. Prior to joining Bain Capital in 2008, he devoted most of his professional career to DSP Merrill Lynch Bank in India and retired in 2007 as Board Member & Managing Director. He was named a Young Global Leader by the World Economic Forum in 2007 and was named Next Generation Philanthropic Leader of the Year by Forbes in 2013.

 

He is on the Board of Genpact, Tata Investment Corporation and Emcure Pharmaceuticals and has recently retired from the Board of Piramal Enterprises. Mr. Chandra is also active in India’s not-for-profit space and serves as a Trustee/Board Member of The Akanksha Foundation, Advisory Board of Swades Foundation and GiveIndia.

 

He received his MBA from Boston College and was awarded the school’s Distinguished Alumni in 2007. He also holds an undergraduate degree in Electrical Engineering from VJTI, Bombay University.

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Management

Dinanath Dubhashi

Managing Director

 

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Dinanath Dubhashi is the Managing Director of L&T Finance Holdings. He has a  rich experience over two decades in multiple domains in financial services such as Corporate Banking, Cash Management, Credit Rating, Retail Lending and Rural Financing. He has been with L&T Financial Services since 2007 and has been instrumental in scaling up the retail business operations manifold, across customer segments and geographies.

 

Under his leadership, retail business has grown both organically and inorganically to reach an asset size of around Rs 28,000 crores, serving more than 30 lakh customers. He has also provided leadership to various functions such as Operations and Information Technology for L&T Financial Services.

 

Prior to this, he was associated with organizations such as BNP Paribas, CARE Ratings and SBI Capital Markets in various capacities.

 

He is a  Post Graduate from IIM Bangalore and also holds a B.E. (Mechanical) degree.

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Kailash Kulkarni

Chief Executive - Investment Management

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Kailash Kulkarni brings with him over two decades of rich experience in Sales, Business Development and Operations, of which 20 years has been in Banking, Asset Management and Insurance Industry.

 

Prior to L&T Mutual Fund, he was associated with Kotak Mahindra Asset Management, Metlife Insurance and ICICI Group, JM Financial, Eicher Motors Limited in different capacities.

 

Mr. Kulkarni is on the board of the Association of Mutual Funds of India (AMFI). 

 

Mr. Kulkarni, additionally heads the group marketing division for L&T Financial Services.

 

He holds a MBA from Institute of Management Development and Research, Pune. 

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Sachinn Joshi

Chief Financial Officer

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Sachinn Joshi has more than two decades of experience across the financial sector. He holds vast knowledge in Accounts, MIS, Audit, Tax, Treasury, Secretarial & Statutory Compliances and Admin functions.

 

Prior to joining here, he has worked at Aditya Birla Finance Ltd (ABFL), Angel Group of Companies and IL&FS Group.

 

He is a qualified Chartered Accountant (FCA) and a Cost Accountant (FCWA). He has also done his post graduation in Law (LLB-Gen) and has completed Business Leadership Program (BLP) from IIM Calcutta.

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Sunil Prabhune

Chief Executive - Rural Finance

Chief - Human Resource Officer

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Sunil Prabhune brings with him over 18 years of experience in global and regional leadership roles. He has a proven track record in leading cross functional assignments, implementing break-through change management, developing and implementing complex Human Resources strategies and of building high performing, diverse teams. 

 

Prior to joining L&T Financial Services, he has been associated with ICICI Bank, GE and Novartis in various capacities.

 

He is a Gold Medalist in Business Management from Xavier Institute of Management, Bhubaneswar and holds a Bachelor’s degree in Commerce from Pune University.

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Muralidharan R

Group Head – Operations, Information Technology and Corporate Social Responsibility

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Muralidharan R comes with over three decades of experience in Banking Financial Services and Insurance Industry of which over 12 years in top management. His experience spans Business (wholesale/ international and retail), Branch Banking, Alternate Channels, Strategy, Customer Service Quality and Operations.

 

Prior to this, he was working with ICICI Bank. His professional career has several industry's first initiatives and accolades including The Asian Banker Award in 2012.

 

He has also attended several executive and management development programmes both in India and abroad. He is a regular speaker in academic and professional on service strategy, Techno enabled Operations and an industry reference point in these areas.

 

He holds a Post Graduate degree in Economics and a B.Sc. degree in Mathematics, both from the University of Madras. He was a Gold Medallist in English. 

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Deepak Punjabi

Chief Risk Officer

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Deepak Punjabi has a rich experience of 29 years and has been associated with the organisation at various levels in areas of Retail, SME financing, Corporate and Promoter financing. He also oversees the Risk control unit. Prior to this he has worked with Burgan Bank & BNP Paribas.

 

He is a Chartered Accountant by qualification and holds a B.Com. degree from the University of Mumbai.

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Raju Dodti

Group Head - Legal, Compliance, Corporate Communication and Facilities & Channel Management

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Raju Dodti has more than 18 years of experience in advising on legal matters in various areas such as private equity, wholesale banking and treasury borrowings. 

 

Prior to joining L&T Finance Holdings, he was associated with IDFC, Rabo India Finance (a subsidiary of Rabo Bank), ABN AMRO Bank N.V., Societe Generale and Global Trust Bank.

 

Mr. Dodti holds a Bachelor's degree in law from the Government Law College, Mumbai University, and a Bachelor's degree in Commerce from the Mumbai University.

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Manoj Shenoy

Chief Executive - Wealth Management

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Manoj Shenoy has a rich experience of over two decades in the financial services industry. Under his leadership in June 2015, the Wealth Management has been voted among the top ten Private Banks in India by Asia Money Private Banking poll. He possesses comprehensive understanding of the diverse facets of financial services, including private banking, investment banking, stock broking, estate and succession planning.

 

Mr. Shenoy also has exceptional understanding of financial planning and a demonstrated track record developing long standing relationships with high-net worth individuals in India, Middle East & South East Asia.

 

Prior to joining L&T Financial Services, Mr. Shenoy worked in EFG Bank and Anand Rathi Financial Services.

 

He is a Graduate Engineer from Bangalore University.

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Virender Pankaj

Chief Executive - Wholesale Finance

 

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Virender Pankaj has over two decades of rich experience in Project Finance, Corporate Finance, Structured Lending and Stressed Asset Management. He has contributed significantly towards growth and reorientation of Project Finance Business. He has been instrumental in building institutional capabilities in Operating Assets and Renewable Financing.

 

Prior to joining L&T Financial Services (LTFS), he was associated with State Bank of India for more than 15 years.

 

Mr. Pankaj holds a Post Graduation in MBA (Finance) and a  graduation degree in engineering.

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Srikanth JR

Chief Executive - Housing Finance

 

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Srikanth JR has around two decades of experience in the financial services & banking industry. He has held worked in various areas like corporate credit risk, commercial loans/capital market products and SME, before taking up the current role.

 

Prior to joining L&T Financial Services, he was working with BNP Paribas, Dubai.

 

He completed his MBA from IIM, Lucknow. and holds an Engineering degree.

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Abhishek Sharma

Group Head - Strategy

 

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Abhishek Sharma has a work experience of nearly 15 years across Corporate Strategy, Product development and Sales leadership.

 

Prior to this, he has served the Indian Army for 5 years.

 

He has a Post Graduate Diploma in Business Management from XLRI Jamshedpur and holds a Bachelor’s Degree in Business Economics from the Delhi University. 

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